There
are many different ways you can set up a
merchant account, including through your
bank or through an intermediary. Often these
methods are complicated however and require
that you prove your financial solvency.
Third party administrators like intermediaries
will also charge you a fee. There are various
fee structures, including set monthly fees
or per transaction fees. Third party processors
usually charge fees higher than those that
other merchant account providers charge
direct customers. |
